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Diamond Service anticipates the following sales revenue over a five-month period: E (Click the icon to view the sales data.) Diamond Service's collection history indicates
Diamond Service anticipates the following sales revenue over a five-month period: E (Click the icon to view the sales data.) Diamond Service's collection history indicates that credit sales are collected as follows: (Click the icon to view the collections data.) How much cash will be collected in January? In February? In March? Diamond Service's sales are 25% cash and 75% credit Complete the cash budget to determine how much cash will be collected in January, February, and in March. (Round your answers to the nearest whole dollar.) Diamond Service Cash Collections Budget More info For the Months of January through March January February March Quarter Cash sales 25% in the month of the sale - 6096 in the month after the sale 15% two months after the sale 10% are never collected Collection of credit sales. 25% Month of sale 50% Month after 15% Two months after Print DON Total cash collections - X Sales data November December January March February 12 100 Sales revenue S 16.800 S 10.500 S 15 100 S S 14 900 aer Check
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